North Africa is struggling with the prospect of reduced cereal harvesting.
The North Africa Journal | Morocco has managed to raise so far about $1 billion to fund its mega solar project. Half of that money is a donation from Saudi Arabia, largely to enable Saudi companies to win contracts in Morocco.
The North Africa Journal | The Algerian government announced that it has ended its contract with a group of Japanese companies formed to build a lengthy section of the Algerian east-west motorway.
[The North Africa Journal] The Tunisian leasing sector currently boasts 10 active companies competing for the market. Most of them are bank subsidiaries which have been set up in the 1990’s in a move to take advantage of a nascent activity which is, after all, a familiar activity for a banker and can be easily integrated in the banks’ main business.
The French waste management firm Suez Environnement is currently seeking fresh opportunities to enter the Algeria solid waste treatment market. The firm has recently dispatched some of its senior managers to explore the possibility of offering services either by itself or through a joint venture with the Algerian counterpart EPIC.
Morocco spent more than $2.5 billion in acquiring French military hardware over the past five years. In the decade ending 2013, Morocco was been France’s 6th biggest buyer of French weapons, behind Saudi Arabia, India, Brazil, the UAE and the USA.
The North Africa Journal | With the government focused on reducing the weight of subsidies on the national economy, Moroccan households continue to struggle with the rising costs of living. So much so that an unusual consensus has emerged among three competing labor unions as they now form a common front against the government and Morocco’s corporate bosses.